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Tag Index  /  Showing 1 - 4 of 4 results for “wages”

Opinion

Who Says the Internet Isn’t Making Life Better?

A standard trope these days is that we in the middle class have been slogging through a couple of decades of woe. Wages are stagnant. Our standard of living isn’t improving. The grand forces of our time—the Internet and globalization—are failing to better our lives, and may be making things worse. The numbers prove it. But here’s the problem: the traditional numbers used by the government and economists measure the wrong stuff for the twenty-first century.   More

Jobs Manufacturing

Skills Don’t Pay the Bills

What is the biggest threat to jobs in American manufacturing: robots or a skills gap? Many manufacturing jobs are vanishing because of computer-driven machinery, as discussed at Techonomy 2012, and nearly as many jobs have been outsourced. Thus, the industry’s future seems to lie in a new generation of highly skilled manufacturing employees who can run the computer that runs the machine. This means they must have a basic understanding of metallurgy, physics, chemistry, pneumatics, electrical wiring, and computer code.Some say there’s a skills gap, and employees with the right training simply do not exist. But that may not be the whole problem.   More

Business Government

Do Corporations Stoke Innovation or Smother It?

This election season has predictably amplified the argument that taxation and regulation suffocate growth and innovation. But Pulitzer Prize-winning journalist David Cay Johnston argues an opposing theory: that "corporate socialism" stifles innovation, and that the subversion of competitive markets is responsible for depressed domestic wages. As Exhibit A, he asserts that near-monopolies in the cable, Internet, and phone markets mean that in many areas of the U.S. connectivity speeds are both slow and expensive by world standards.   More

Business Jobs Techonomy Events

Erik Brynjolfsson Argues that Tech is Major Driver of Economic Growth

In this session from Techonomy 2011, in Tuscon, Ariz., Erik Brynjolfsson, Director of the Center for Digital Business at MIT, argues that technology is a major driver of economic growth and productivity. Any lag in productivity, he says, is due to our inability to keep up with the changes in technology. This is Brynjolfsson's argument in a debate with Tyler Cowen, an economics professor at George Mason University.   More